Do you need to purchase Specialist Equipment to meet Business Growth?

ACT FAST !!!!

apply for the exciting new
Queensland Business Growth Fund
STARTS 31/05/2022 (available for a limited time)
Don’t risk missing out by doing it yourself
Submit with confidence do it professionally

call 1800 232 088


Read details below to find out your eligibility

Queensland Business Growth Fund

The Business Growth Fund grants program (Program) targets small-to-medium high-growth businesses who can accelerate growth, drive the Queensland economy and employ more Queenslanders.

The grant funding assists the business to purchase and implement highly specialised equipment to enable the business to move to the next stage of growth.

Program Outcomes

Funded businesses are expected to increase business confidence by:

  • improved growth transitioning from small to medium sized;
  • increase productivity, turnover, profit and employment by 20%; and

  • automating, scaling-up, increasing market share, diversify and/or exploit exporting opportunities.

If successful, applicants will receive a single up-front payment of up to $50,000 (excluding GST) and not less than $25,000 (excluding GST).

A co-contribution from the applicant of at least 25% of project costs to purchase and implement the specialised equipment must be provided.

Who Can Apply?

Established small and medium-sized Queensland businesses that are financially sound and have the potential for high-growth within the next two years.

The applying businesses must have a Business Plan in place, as well as the capacity to access finance to fund the growth of their business.

Eligibility Criteria

To be eligible the business must:
  • have a trading history of a minimum of three (3) years at the time of applying for the grant;

  • have a minimum turnover of $500,000 for the last financial year;
  • have fewer than fifty (50) employees at the time of applying for the grant;
  • have an Australian Business Number (ABN) and be registered for GST;
  • have Queensland headquarters;
  • be experiencing growth and have clearly defined high-growth and employment opportunities in Queensland; and
  • not be insolvent or have owners/directors that are undischarged bankrupt*.

Eligible Expenditure

The grant funding must be used to purchase specialist equipment to meet business growth. The equipment must have a direct link to increasing employment and maximising economic returns.

Project Completion

It is intended that the grant funded activity be started, completed and expected benefits determined within twelve (12) months of receiving approval.

Important Dates

  • Stage 1 - Expression of Interest (EOI) opens at 9.00am 31 May 2022.
  • Stage 1 - Expression of Interest (EOI) closes at 5.00pm on Thursday, 30 June 2022.
Get Started
Want to know more...

call 1800 232 088

-or-
For $15.00 you could purchase our Paper on the Queensland Business Growth Fund from out sister site ESS BIZTOOLS.

Location

12 Eclipse Street Rowes Bay
Townsville, QLD, Australia, 4810
Google Map

Contact Details

(07) 4724 1118

Latest Towers Business News

Capital Raising for Small Companies

Capital Raising for Small Companies

Capital raising for small companies.
Crowd Sourced Funding Might Be The Answer

Crowd Sourced Funding Might Be The Answer

If your private company needs additional funding and the group turnover is under $25M your...
Business Planning Process Helps

Business Planning Process Helps

Business plans are like maps for tourists – you need a plan for where you’re intending to go,...
Innovation Helps Businesses Expand

Innovation Helps Businesses Expand

Innovation is the creation, development and implementation of a new product, process, service,...
Copyright © 2022 Towers Business Development. All Rights Reserved.